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Responsibilities

The CFO-MCS is the Strategic finance leader for May Collaborative Services (MCS), a member of the MCS senior leadership team, and is responsible for financial direction and oversight of MCS financial operations including the reference laboratory business with annual revenues exceeding $1.2 billion dollars. The CFO-MCS actively manages and contributes to sustained collaboration and partnership with the Department of Laboratory Medicine and Pathology (DLMP) and the Rochester practice finance department, participating as needed on committees and teams with responsibilities for management of Mayo Clinic’s lab services to both Mayo Clinic patients and MCS client patients.

The role operates in the context of the dynamic nature of lab services generally and the growth strategies of Mayo Clinic and MCS specifically. The CFO-MCS is also a member of the Finance Leadership Team and the Finance Operations Team. This individual is a key staff member reporting to the MCS Board and its Finance and Audit and Compliance Committees. He/she will collaborate with physician and administrative leaders throughout Mayo Clinic to identify, lead, and support strategic MCS growth which includes a revenue growth target of $3 billion by 2030. This will require a strategic focus on organic and inorganic growth, the development of new business models engaging external investment, and managing strategic partnerships and relations. He/she serves as a strategic partner, catalyst, and advisor to the MCS CEO/President, CAO, Chief Growth Officer, and MCL Chief Operating Officer, proactively advising on relevant internal and external environmental factors that could affect financials in the short and long term.

The CFO-MCS actively participates and plays a key role in influencing DLMP planning on testing capacity, production reliability and cost, and new test development. The CFO-MCS also focuses on efficient and effective delivery of financial services for the MCS Departments of Finance and Business Analysis as well as all shared services functions supporting MCS and acts as a catalyst for change to ensure the needs of both DLMP and MCS are being met or exceeded. In addition to being a finance leader, he/she must be a true people leader, focused on developing the workforce of the future, accelerating performance through clear expectations and goal setting, and ensuring that career conversations, succession planning, and development plans are embedded in the way we do our work. Direct reports will include core financial and accounting functions and a business analytics team. Indirect reports will include a Finance Director position in the Rochester practice finance who will provide day to day finance support for DLMP operations. In addition, the CFO-MCS is accountable for indirectly overseeing administrative staff.

Qualifications

Bachelor’s degree and a minimum of ten years of finance experience; 10 or more years of which must be in successive leadership roles across multiple assignments. Experience working in financial leadership roles within a laboratory/diagnostics organization required.Master's degree in business or healthcare administration, in addition to experience working with physician leaders is preferred. Strategic and visionary thinker, change agent, keen judgment, conceptual analysis and planning skills; skilled in building relationships, developing individuals and working as a part of team; demonstrated ability to achieve results and performance improvement focused; excellent verbal and written communication skills; sound business and fiscal knowledge; strong customer focus. Must be strong at leading without controlling and able to build consensus. High integrity as evidenced by valuing all people and groups. Demonstrated ability to manage within a matrix, committee-oriented environment. The CFO should have experience with start-up operations, accessing external capital through investment and debt, and new business model design. Experience in Joint Ventures, Mergers, and Acquisitions is important. Basic knowledge of Mayo Clinic, Mayo Clinic Health System and broad knowledge of the laboratory industry; appreciates the clinical nature of Mayo Clinic (versus a solely financial perspective). Ability to articulate the dynamic requirements of a future-oriented, successful finance organization and advocate accordingly. Has a well-established network of colleagues throughout the finance and laboratory industry.

Exemption Status

Exempt

Benefits Eligible

Yes

Schedule

Full Time

Hours/Pay Period

80

International Assignment

No

Site Description

Just as our reputation has spread beyond our Minnesota roots, so have our locations. Today, our employees are located at our three major campuses in Phoenix/Scottsdale, Arizona, Jacksonville, Florida, Rochester, Minnesota, and at Mayo Clinic Health System campuses throughout Midwestern communities, and at our international locations. Each Mayo Clinic location is a special place where our employees thrive in both their work and personal lives. Learn more about what each unique Mayo Clinic campus has to offer, and where your best fit is. (https://jobs.mayoclinic.org/alllocations)

Affirmative Action and Equal Opportunity Employer

As an Affirmative Action and Equal Opportunity Employer Mayo Clinic is committed to creating an inclusive environment that values the diversity of its employees and does not discriminate against any employee or candidate. Women, minorities, veterans, people from the LGBTQ communities and people with disabilities are strongly encouraged to apply to join our teams. Reasonable accommodations to access job openings or to apply for a job are available.

Recruiter

Kylene Schaefer

Equal opportunity

As an Affirmative Action and Equal Opportunity Employer Mayo Clinic is committed to creating an inclusive environment that values the diversity of its employees and does not discriminate against any employee or candidate. Women, minorities, veterans, people from the LGBTQ communities and people with disabilities are strongly encouraged to apply to join our teams. Reasonable accommodations to access job openings or to apply for a job are available.